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PENN Entertainment Stock Forecast, price, news, analysis PENN

Alternative Assets.Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured.

  • Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
  • Penn Entertainment operates in a highly regulated business, which creates some interesting nuances in its casinos’ operating results.
  • This buyback authorization permits the company to purchase up to 9.8% of its shares through open market purchases.
  • The image of a casino filled with older adults happily pulling the levers of slot machines may not be the future for Penn Entertainment.

The stock price has decreased by -30.04% in the last 52 weeks. The beta is 2.16, so PENN’s price volatility has been higher than the market average. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

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On average, they anticipate the company’s share price to reach $33.35 in the next twelve months. This suggests a possible upside of 43.2% from the stock’s current price. View analysts price targets for PENN or view top-rated stocks among Wall Street analysts. When Penn Entertainment Inc. announced plans on Tuesday to launch an ESPN-branded online sports-betting service, shares of the casino operator initially rallied. PENN Entertainment announced that its board has approved a stock repurchase program on Thursday, February 3rd 2022, which permits the company to buyback $750,000,000.00 in shares, according to EventVestor.

  • NEW YORK — ESPN Bet, a sports-gambling service rebranded with the name of the Disney-owned sports channel, launched Tuesday in 17 U.S. states.
  • NY (4.04%), Earnest Partners LLC (1.79%), Massachusetts Financial Services Co.
  • To see all exchange delays and terms of use please see Barchart’s disclaimer.
  • Provides a general description of the business conducted by this company.
  • When Penn Entertainment Inc. announced plans on Tuesday to launch an ESPN-branded online sports-betting service, shares of the casino operator initially rallied.

Penn Entertainment operates in a highly regulated business, which creates some interesting nuances in its casinos’ operating results. As economic uncertainties loom, casino stocks like Boyd, Caesars, Penn and Wynn boast resilience with a focus on local customers and diverse portfolios. ESPN Bet’s launch will disrupt the sports betting industry and impact major players like DraftKings. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

PENN Entertainment stock price monthly change

None of these entities provide legal, tax, or accounting advice. As a result, we estimate Penn holds around a low-double-digit revenue share of the $60 billion domestic commercial casino gaming market. 16 equities research analysts have issued twelve-month price objectives for PENN Entertainment’s shares.

Stock Price Statistics

There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer. PENN has an Altman Z-Score of 0.72 and a Piotroski F-Score of 5. The latest short interest is 18.93 million, so 12.47% of the outstanding shares have been sold short. The company has a current ratio of 1.42, with a Debt / Equity ratio of 3.30.

PENN Entertainment (PENN) to Drive Sports Betting With NHL

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PENN vs Casino Stocks

The Barchart Technical Opinion widget shows you today’s overall Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.

PENN Entertainment Stock Price, News & Analysis (NASDAQ:PENN)

In the last 12 months, operating cash flow was $658.90 million and capital expenditures -$303.40 million, giving a free cash flow of $355.50 million. The company has $1.32 billion in cash and $11.50 billion in debt, giving a net cash position of -$10.18 billion or -$67.09 per share. In the last 12 months, PENN had revenue of $6.55 billion and -$111.10 million in losses. The next estimated earnings date is Thursday, February 1, 2024, before market open. NEW YORK — ESPN Bet, a sports-gambling service rebranded with the name of the Disney-owned sports channel, launched Tuesday in 17 U.S. states. We’d like to share more about how we work and what drives our day-to-day business.

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The Barchart Technical Opinion rating is a 24% Sell with a Weakest short term outlook on maintaining the current direction. The image of a casino filled with older adults happily pulling the levers of slot machines may not be the future for Penn Entertainment. As Penn prepares to launch ESPN Bet, understanding the risks and rewards of this new venture is key.

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